Published On: Fri, Aug 3rd, 2012

SGX Derivatives and Commodities Trading Grows

Singapore Exchange (SGX) said August 3 derivatives and commodities trading grew in July from a year earlier. Securities turnover was lower year-on-year though it was up from June.

Securities
* Securities turnover fell 9% year-on-year to S$26.5 billion. Securities daily average value was 14% down at S$1.2 billion. Compared with June, daily average value was up 19%.
* Catalist turnover increased 31% year-on-year to S$614 million while ETF trading fell 58% to S$343 million.
* The securities borrowing and lending programme saw a 37% growth year-on-year in daily average outstanding loans to S$26.6 million.
* A total 36 bond listings raised $23.0 billion, up 74% from a year earlier.

Derivatives
* Derivatives volume was up 12% year-on-year at 5.8 million contracts while daily average volume grew 7% to 270,798 contracts.
* China A50 futures trading tripled to 700,071 contracts from a year earlier while Nikkei 225 futures volume grew 7% to 1.9 million contracts. MSCI Taiwan futures volume was up 4% at 1.4 million contracts but Nifty futures trading fell 8% to 1.1 million contracts.
* Volume of the new MSCI Indonesia futures totaled 15,698 contracts since its June start.
* End-July equity index futures open interest was 7% higher from a year earlier at 818,563 contracts

Commodities
* SICOM rubber futures volume grew 12% year-on-year to 23,938 contracts.
* AsiaClear cleared 30,615 contracts, up 56% from a year earlier.
* Volume of OTC iron ore swaps cleared more than doubled from a year earlier to a record-high 20,961 contracts, representing 10.5 million tonnes of iron ore.

OTC Clearing
* OTC interest rate swaps cleared totaled a notional S$282 billion since the November 2010 launch with volume of new trades cleared in July at S$7 billion, down 17% year-on-year.

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